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...“These oil deliveries constitute a full-frontal assault against the sanctions regime, which is now on the brink of collapse,” said Hugh Griffiths, a former co-ordinator of the UN panel that monitors sanctions...
...In 2014, the company recruited Magid Shenouda, a former co-head of commodities at Goldman Sachs. Shenouda was previously tipped as a possible successor to Dunand and Jaeggi....
...This story has been amended to clarify the job titles of John McAuley and Richard Duffield at Citi....
...of Art student Alistair McAuley in 1990....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...Gunvor co-founder Torbjörn Törnqvist said the picture for oil was “quite” constructive and the market was better balanced than most people forecast two months ago....
...Attorney-general Tarek William Saab on Tuesday said El Aissami and his co-conspirators were involved in an illegal scheme to directly manage shipments of crude in avoidance of US sanctions, without sending...
...Nissan and Honda began talks in January, and the scope of their co-operation includes software, core EV components and auto-intelligence technology....
...“He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation and transportation.”...
...We have an exclusive story on Iran’s oil exports reaching a six-year high and giving its economy a $35bn-a-year boost despite sanctions....
...Under the scheme, Trafigura and its co-conspirators agreed to make illicit payments of up to 20 cents per barrel of oil products bought from or sold to Petrobras, and to conceal the bribes via shell companies...
...Tarek William Saab, Venezuela’s attorney-general, said on Tuesday that El Aissami and his co-conspirators were involved in a scheme to directly manage shipments of crude as a way of avoiding US sanctions...
...So how do synthetic gas producers, using still-scarce green hydrogen and captured CO₂, plan to compete with the cheapest commodity fossil fuel? Alverà said they did not have to....
...On Wednesday, it also published a new 2030 target to cut CO₂ emissions by 25 per cent from 2019 levels, and intends to provide shareholders more information about how it will reach its goal of a 50 per cent...
...executive, has been engaged in a multiyear stand-off with lenders over a loan default that has already cost him his luxury Aspen ranch, his yacht and his shares in Tellurian, the floundering LNG developer he co-founded...
...Talks over a planned $30bn merger between the chemicals arms of Abu Dhabi National Oil Company and Austria’s OMV have stalled over recent weeks, putting at risk a complicated deal to create a new market...
...BP and the Abu Dhabi National Oil Company have suspended talks on a $2bn deal to buy a 50 per cent stake in Tel Aviv-listed NewMed Energy, as Israel’s war with Hamas enters its sixth month....
...Privately owned Mercuria has not outlined a succession plan for CEO and co-founder Dunand, who is 63 this year....
...“The federal executive cannot have a long-term vision because the government only lasts six years — you need another mechanism,” said Rosanety Barrios, co-ordinator of energy advisers for Gálvez....
...Marc Rich + Co, the business they left behind, would evolve into Glencore and for years the smaller Trafigura struggled to compete....
...Despite the boost in decarbonisation funding over the next six years, Adnoc aims to spend $150bn on capital expenditure mainly to expand its oil and gas production capacity over in a five year plan launched...
...Between 1910 and 1934, the German Impressionist painter Max Liebermann depicted the garden of his lakeside summer home in Wannsee, an affluent suburb of Berlin, in more than 200 oil paintings and works on...
...“There is no way the US rig count grows after the recent wave of consolidation,” Conrad Gibbins, co-head of the upstream Americas business at Jefferies, told me....
...Here’s more on the oil industry’s bonanza....
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